Category: Latest Stories

Access daily updates on all real estate sectors including residential, commercial, retail, and infrastructure. Stay ahead with market trends, policy changes, investment news, and expert analysis from across the globe.

IndustryLatest Stories

Bengaluru’s Growth Needs Planned Expansion, Says Maheshwar Rao

Maheshwar Rao M (IAS), Chief Commissioner, Greater Bengaluru Authority (GBA). As Bengaluru embarks on its next urban expansion phase, Maheshwar Rao M (IAS), the Chief Commissioner of the Greater Bengaluru Authority (GBA), emphasizes the necessity of planned development over haphazard growth. During a talk on Tuesday, Rao highlighted that the city’s population is projected to grow sharply in the upcoming decades, making integrated urban planning, housing, transportation infrastructure, and public spaces vital to sustaining economic growth. Rao shared these insights at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, attended by developers, policymakers, consultants, and industry stakeholders focusing on real…

InfrastructureLatest Stories

Pune: Draft Development Plan for Merged Areas Approved

PUNE: During the civic body’s general meeting on Monday, a proposal was approved to initiate the draft development plan (DP) for 23 regions merged with the Pune Municipal Corporation (PMC) in 2021. The proposal also designated city engineer Aniruddha Pavaskar as the town planning officer tasked with overseeing the DP. This measure received unanimous support from corporators, who urged the administration to expedite the DP preparation. The formation of the DP for these 23 merged areas has encountered various technical hurdles over the past five years. An initial DP drafted by the PMRDA was canceled by the state government for…

Latest StoriesResidential

Goa: Karapur Housing Project Protest Hits Day 78

Representative Image BICHOLIM: The protest against a large housing project in Karapur reached its 78th day on Sunday, with locals vowing to continue until the project is abandoned. Residents claim that the project breaches environmental regulations. Under the banner of Karapur Gramastha Ekvoticho Aawaz, villagers are staging a sit-in near the Shri Shantadurga Temple. Women involved in the protest expressed their determination to persevere as long as needed. Gauresh Ghadi, president of the Karapur Biodiversity Management Committee, stated that the villagers initiated a tree-planting campaign on Sunday in areas where project officials reportedly cleared vegetation. He noted that a peacock…

Latest StoriesRegulatory

Gujarat HC: Ahmedabad civic body can’t revoke own orders

AHMEDABAD: The Gujarat High Court has ruled that once an authority regularizes unauthorized construction by accepting the impact fee or denies such a request, it cannot review or revoke its decision. The court annulled an order by the Ahmedabad Municipal Corporation (AMC) that cancelled a prior regularization of unauthorized construction at the Swastik Complex, a commercial building located in Maninagar. The court found that the authority lacked the jurisdiction to revoke a regularization order under Section 8(4) of the Gujarat Regularisation of Unauthorised Development Act, 2011 (GRUDA). The petition was brought by Unnati Shah and others in response to AMC’s…

Latest StoriesRegulatory

Ahmedabad Civic Body Struggles to Collect Property Rents

AHMEDABAD: The Ahmedabad Municipal Corporation (AMC) is leasing thousands of valuable commercial properties across the city for a mere monthly fee of Rs 100 to Rs 500. Facing a severe shortage of staff, the civic body is now implementing a digital transformation and taking on a few properties for redevelopment. An in-depth audit shows that the AMC possesses 3,778 commercial rental properties, with nearly half (1,830) located in the Central Zone of the city. A senior AMC official noted that many of these attractive locations are locked into long-term leases for “insignificant amounts.” Zonal estate departments, typically operating with just…

IndustryLatest Stories

Goa GIDC Drafts New Bylaws to Enhance Industrial Space

PANAJI: The Goa Industrial Development Corporation (GIDC) is working on establishing specific construction regulations for industrial units to streamline the process of obtaining permissions for industrial sheds. These new building bylaws aim to optimize the built-up area available for manufacturing units in industrial estates. This policy is crucial as Goa is quickly depleting its industrial land. GIDC intends to maximize land utilization for industrial purposes, particularly since many manufacturing units are unable to expand vertically due to the use of heavy machinery. “We plan to introduce our own building bylaws in industrial estates to simplify regulations and maximize the area…

IndustryLatest Stories

Andhra Pradesh to Launch Rental Housing for Industrial Workers

VISAKHAPATNAM: The Andhra Pradesh government has initiated a demand assessment for the creation of affordable rental housing complexes (ARHC) for industrial workers statewide. The Andhra Pradesh Township and Infrastructure Development Corporation Limited has pinpointed 13 industrial clusters for this study, including regions such as Anakapalli, Anantapur, Kakinada, Krishna, Nellore, Tirupati, Visakhapatnam, and others. This initiative aligns with the Union government’s ARHC scheme and aims to leverage viability gap funding available under the program. Officials indicate that the project is designed to tackle housing challenges faced by industrial workers, particularly migrants. Many workers are currently residing in informal settlements or unauthorized…

InfrastructureLatest Stories

Bihar CM to Develop Groundwater Policy

Representative AI image PATNA: Chief Minister Samrat Choudhary on Monday urged officials to quickly formulate a groundwater policy to ensure the conservation, effective management, and sustainable use of groundwater resources in Bihar. During a review meeting of the minor water resources department at Sankalp Sabhagar in Lok Sevak Awas, the CM highlighted the necessity of a robust institutional framework that coordinates efforts across relevant departments. He pointed out the increasing demand for water and upcoming challenges, instructing officials to accelerate efforts on the Bihar Groundwater Management and Regulation Act, 2026. This legislation aims to regulate groundwater extraction, prevent overuse, and…

Latest StoriesRegulatory

Bombay HC gives NCDRC 60 days to rule on DB Ozone case

MUMBAI: Over 3,000 families residing in DB Ozone, Dahisar East, may finally see progress in their prolonged pursuit of an occupancy certificate (OC) following a Bombay High Court directive to the National Consumer Disputes Redressal Commission (NCDRC) to fast-track hearings and deliver a timely judgment. During a hearing on June 9, the High Court instructed the NCDRC to hold a formal hearing within 30 days and issue its final judgment within 60 days. This ruling has stirred hope among the residents who have been in limbo for more than 12 years after taking fit-out possession of their flats over a…

Latest StoriesRegulatory

Kerala collects ₹2,178.28 crore in building cess over five years

IDUKKI: The Kerala government has gathered Rs 2,178.28 crore from the building and other construction workers’ welfare cess over the past five years. However, pension arrears nearing Rs 840 crore remain unpaid to construction workers statewide. As per information obtained via the RTI Act by Kasaragod resident A S Mohammed Ashraf, approximately 20.59 lakh workers were registered with the Building and Other Construction Workers Welfare Board as of April 30, 2026. The welfare benefits, including pensions, are derived from the cess collected by the board. In spite of the significant revenue generated, nearly 4.15 lakh pensioners have not received their…